Tag Archives: SembMarine

SHAMELESS S’PORE GOVERNMENT-LINKED CO. LOSES MILLIONS, BUT CEO EARNS MILLIONS

Singapore Government linked official can get away with losing hundreds of millions dollars in a GLC but continues to be awarded million dollar renumeration! It was reported in ST recently ("Bonuses of SembMarine execs hit by downturn") that SembMarine CEO Wong Weng Sun can still earn a renumeration of almost $2 million (salary of $926,000 with share-based compensation of $863,000) when the GLC he helmed lost $289.7 million!!

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LOCAL FIRM SEMBCORP MARINE INVOLVED IN BRIBERY SCANDAL IN BRAZIL

A man in Brazil, who is connected to a series of companies that local Singapore company Sembcorp Marine has hired as consultants for its contracts in Brazil, has been arrested for bribery charges. Sembcorp Marine had hired these companies as consultants for its projects with Sete Brasil, a subsidiary of state-owned Brazillian energy giant Petrobras.

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